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Higher education bubble discussion on quora
Posted on 9/20/16 at 10:38 pm
Posted on 9/20/16 at 10:38 pm
LINK
Interesting read on the education bubble
I have one child starting college in the fall and another child a year later and frankly the costs scare the shite out of us
Interesting read on the education bubble
I have one child starting college in the fall and another child a year later and frankly the costs scare the shite out of us
6
Posted on 9/20/16 at 10:42 pm to supatigah
The value of a college degree is decreasing by the day IMO. The jobs in demand are trade jobs or ones that don't require a 4 year degree
Posted on 9/20/16 at 10:44 pm to Statsattack
What about MBA related jobs?
Posted on 9/20/16 at 11:00 pm to Statsattack
Holy generalism Batman. In all honesty, this is an extremely dumb statement.
Trade jobs are important but four year degrees play a critically important role in our economy.
Trade jobs are important but four year degrees play a critically important role in our economy.
This post was edited on 9/21/16 at 8:04 am
Posted on 9/21/16 at 12:02 am to lynxcat
quote:
Trade jobs are important but for year degrees play a critically important role in our economy.
LINK
True, they have a important role, but only about 40 percent of those that start college graduate in 4 years, if the time frame is extended to 6 years the rate goes u p to 59%, there are far too many students starting college that should have followed another career path. If these students were guided to more suitable career training reducing the pool of tuition money available to universities cost would decrease as universities compete for the remaining students.
Posted on 9/21/16 at 8:09 am to EA6B
We would need to break down those statistics much more to find the real nuggets. For example, how much of the 40% that never finish college only go for a couple semesters and have not been entrenched with significant debt yet?
Posted on 9/21/16 at 9:04 am to lynxcat
Auburn's budget has now surpassed 1 BILLION dollars annually.
Posted on 9/21/16 at 9:18 am to supatigah
quote:
costs scare the shite out of us
Costs are insane. Something needs to be done about tuition/current student loan debt.
Posted on 9/21/16 at 9:19 am to supatigah
There is absolutely a bubble.
College has become a place to go drink and frick for 2 years then you go work at McDonald's. Paid for by the gubment
People who have the ability to succeed in college can get their education while still drinking and fricking.
College has become a place to go drink and frick for 2 years then you go work at McDonald's. Paid for by the gubment
People who have the ability to succeed in college can get their education while still drinking and fricking.
Posted on 9/21/16 at 11:34 am to Statsattack
quote:
The value of a college degree is decreasing by the day IMO
The value of SOME college degrees are increasing while many are worthless.
Posted on 9/21/16 at 11:48 am to CoachChappy
I would never tell my kids to go to college. As of today, I would rather fund them to travel the world for one or two years learning about how the world works outside our small bubble and then start a small business when they see opportunity.
I can honestly say nothing in College prepared me for the business world. We have to stop this mindset of work hard in school and get a good job. We need more entrepreneurs.
I can honestly say nothing in College prepared me for the business world. We have to stop this mindset of work hard in school and get a good job. We need more entrepreneurs.
Posted on 9/21/16 at 12:03 pm to I Love Bama
I see that you went to Alabama
I'm not shocked
quote:
I can honestly say nothing in College prepared me for the business world.
I'm not shocked
Posted on 9/21/16 at 1:47 pm to supatigah
If we want tuition costs to go down, people will have to demand state governments stop handing out tax rebates to film crews (and other wasteful ideas) and support higher education as they once did.
As much as trade education is a nice idea, it only works when you have a stable small business environment like Germany. Today, higher education is a positional market in which the prestige of the institution matters tremendously. Many vocational degrees become worthless after a couple of years due to globalization. A philosophy major from Yale can still get a job with Goldman Sachs.
As much as trade education is a nice idea, it only works when you have a stable small business environment like Germany. Today, higher education is a positional market in which the prestige of the institution matters tremendously. Many vocational degrees become worthless after a couple of years due to globalization. A philosophy major from Yale can still get a job with Goldman Sachs.
This post was edited on 9/21/16 at 1:51 pm
Posted on 9/21/16 at 3:15 pm to MikeyFL
quote:
support higher education as they once did.
This is what got us into the situation we have now. We need to reduce wasteful spending at Universities and hold them accountable for their decisions. We don't need 30+ universities in every state - each with their own president, chancellor, admissions office, registrar, etc.
Posted on 9/21/16 at 5:41 pm to supatigah
I'm putting my son through college right now and it's going to cost me right at $50,000 all in including dorm and meal plan for 4 years. 1st year at home in a junior college, 3 in a state university.
Posted on 9/21/16 at 8:28 pm to MikeyFL
quote:
As much as trade education is a nice idea, it only works when you have a stable small business environment like Germany. Today, higher education is a positional market in which the prestige of the institution matters tremendously. Many vocational degrees become worthless after a couple of years due to globalization. A philosophy major from Yale can still get a job with Goldman Sachs.
In the 40 years or so I have been following such things, certified welders, licensed electricians, plumbers, machinists, and almost any other skilled trade will have demand and associated pay vary with the condition of the economy, but they have never approached "worthless". And it is guaranteed that regardless of globalization the Yale philosophy grad will eventually need a plumber.
Posted on 9/21/16 at 9:02 pm to CoachChappy
College is pretty silly if you think about it. The education at Harvard and the education at LSU aren't vastly different. A course is a course, the value you're paying for at a high dollar school is your network. I went to a crazy expensive high school and my network is deep, I can probably come up with $10m tomorrow in investors for anything I wanna do and thats just close friends who are successful today because they have family money behind them. You get those types at expensive schools, at community college not so much. Most of my friends from high school are good people but no way would they be where they are in life without family money. Hell i was a $75k/yr finance MBA until my uncle left me a little family business. Money makes money, and connections with money will open the doors to everything, no matter how educated you are, your financial success depends on your network more than likely. So in that regards college is still important because you will expand your network but the education part of it is silly, they all teach you the same things on how to think critically.
disclaimer - I went to a great undergrad and got my MBA at LSU
disclaimer - I went to a great undergrad and got my MBA at LSU
Posted on 9/21/16 at 9:59 pm to dabigfella
Posted on 9/22/16 at 4:38 am to supatigah
Costs for college skyrocketed when govt started giving loans and grants to those who couldn't afford to go on their own.
Like healthcare, when govt gets involved prices always skyrocket. Never the reverse.
Like healthcare, when govt gets involved prices always skyrocket. Never the reverse.
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